How to make it, spend it, and invest it

Mastering Money

Mastering Money is hosted by Certified Income Specialist™ Steve Jurich. Steve’s comments have been seen on MarketWatch, CNBC.com, Bloomberg, and TheStreet.com. Steve is joined on most days by Money Radio favorite Ken Morgan as well as experts and authors from the world of Wall Street and real estate. New episodes published every weekday at 9am PST. Also, an encore show at 6pm PST. Listen every weekday to get a handle on emerging market trends, asset allocation strategies, social security, medicare, RMD planning, tax strategies, estate planning, annuities, life insurance and more!

MANY BABY BOOMERS do more traveling as they enter their retirement years—especially in the first ten years of retirement. Where are boomers headed in 2019? According to an AARP survey, thirty-eight percent say they have created a written “bucket list” that they hope to embark on within the next several years. Boomers have an average of eight places they hope to visit the survey says. Today, we’ll reveal some of those places and what they will cost from a Wall Street Journal special report, followed up by a Q & A with travel expert Ruby Kelly. If you plan to travel next year, you don’t want to miss today’s show…MASTERING MONEY is on the air!!

How long will you stay in one particular investment? Legendary investor Warren Buffett rarely sells a stock he owns and doesn’t get rattled by market fluctuations. The idea of finding agreeable stocks or stock indexes and holding them generally is referred to as a “buy-and-hold” strategy.   Warren Buffett likes long-term investments, but he could never be classified as simply a buy-and-hold investor. He is a classic strategy-first, analysis-first investor who eliminates far more stocks than he buys— through a thorough screening process. Once he has found his “diamonds in the rough” he holds them until they sparkle. As a matter of fact, he has always said that his favorite holding period is “forever.” Buffett epitomizes what is known as a “bottom-up” analyst.  “Bottom-up” and “top-down” investing are vastly different ways to analyze and invest in stocks, and today we’ll review them to help make YOU a smarter investor. You don’t want to miss today’s show MASTERING MONEY is on the air!

No one investing strategy fits all people, and no investment strategy is right for every investor at every age! Each person has different reasons for investing— different goals, differing time horizons– and varying degrees of comfort when it comes to RISK.  That’s why its so important to define and articulate your own parameters. You want a clear vision BEFORE you put your money at risk.  Common sense, as with most things in life, should always prevail the closer you are to retirement age. Today, Steve will outline a proven strategy that would have increased income and net capital in both the 2000 and 2008 crashes. You don’t want to miss today’s show….MASTERING MONEY is on the air!! 

Today on Mastering Money…It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of America’s most popular financial radio programs dedicated to the Stock Market, heard by millions of listeners—including Saturdays right here on Money Radio! After an update of the markets and today’s breaking financial news stories, we’ll take you to an exclusive broadcast of the Motley Fool Money Show–plus a whole lot more you SURELY won’t want to miss! — MASTERING MONEY IS ON THE AIR!

Really, really GOOD investors are always thinking ahead. When times are good– and there is no recession in sight–what do you suppose is on their mind?  Well…the next recession of course!    That’s because if all you focus on are the obvious and current trends, you will never position yourself ahead of the crowd—which is the secret to doing really well with your investments!  Dividend growth stocks are often classified as recession-resistant. Because they keep paying investors to own them, wealth can still be built during recessions if you own stocks that keep INCREASING their dividends. Today, Steve will demonstrate just how to do that with the IQ Wealth Black Diamond Dividend Strategy. You don’t want to miss today’s show  MASTERING MONEY is on the air!!  

A growing number of Millennials with six-figure incomes are trying to retire by the age of forty. Its called the FIRE movement, Financial Independence, Retire Early. Suze Orman says they’re crazy and estimates they will need at least 5 MILLION dollars set aside to retire for the next fifty to fifty-five years. Which brings us to the question: what’s YOUR number? How much do you need to retire comfortably? The conventional wisdom is that you should aim to have a nest egg of $1 million to $1.5 million dollars Or about 10 to 12 times your current income, but new research has come out pointing to the fact that with proper planning you may be able to retire on less. Steve will have some details for you on that. A fact-filled show you don’t miss today MASTERING MONEY is on the air!!

Women face a variety of unique challenges in retirement planning. Compared with men, they tend to live longer, CONTRIBUTE less to tax-qualified accounts and DRAW less from Social Security. They also face higher healthcare and long-term care costs BECAUSE of longevity. And with their longevity comes a longe period of time during which inflation, disability, and tax hikes can reduce their savings. Here’s another grim statistic: eighty percent of men die married. Eighty percent of WOMEN die single or widowed! Today on Mastering Money, we’ll outline the unique challenges that women face in retirement plus some solutions. Then health insurance expert Shelley Grandidge joins us for the Q & A. Don’t miss TODAY’s important show…MASTERING MONEY is on the air!!

Every time interest rates are low, investors begin to make mistakes. Their desire for safety, yield, and liquidity—all in one asset—almost ALWAYS winds up in disaster, or at the very least, disappointment. With bond rates low, the fear of further rising rates has bond investors wanting to avoid losses there. Bond investors have been losing money for six years. For example, the Vanguard Total Bond fund is below its 2012 level. Bond funds are not safe, and they don’t pay very much income. Which brings us to a breed of cat known as “floating rate senior bank loan funds.” Be very careful here! Floating rate bank loan funds are made up of loans BY banks to smaller, poor-credit corporations. Here is a warning: If an advisor is recommending a product known as floating rate funds or your money is already in one, you don’t want to miss today’s show. We’ll expose the risks, and it may shock you. MASTERING MONEY is on the air!!